Scrap

• UK secondary aluminium industry mulls production cuts on weak DIN226 price Nov 09, 2011

  Secondary aluminium producers in the UK are considering cutting output in the run-up to Christmas because lower prices in Europe and an unfavourable exchange rate are making export business uncompetitive

• Strong recycling mart lifts Arca's net income Nov 08, 2011

  Appliance Recycling Centers of America Inc. (Arca) said both its appliance recycling operations and its retail appliance stores boosted revenue and earnings in the third quarter ended Oct. 1.

• Tube City wins six mill service contracts Nov 08, 2011

  Tube City IMS Corp. parent company TMS International Corp. said Wednesday it has won six new contracts to provide mill services and expects to announce another two to four new contracts by year-end.

• British Columbia introduces scrap bill to combat thefts Nov 08, 2011

  British Columbia has introduced a bill that could make it the first province in Canada to regulate the scrap metal industry.

• Indian ferrous scrap prices fall again, more cuts expected Nov 08, 2011

  Prices for ferrous scrap imported into India fell again this week, with more cuts expected in the next week, market participants told Metal Bulletin

• DAILY SCRAP REPORT: Market fear could reduce prices, merchant says Nov 08, 2011

  Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun was at $421.93 on an HMS 1&2 (80:20) basis on Tuesday, unchanged from Monday as Turkish consumers stayed out of the market

• TRG starts up second auto shredder in Ark. Nov 08, 2011

  Tenenbaum Recycling Group LLC (TRG) has started up its second auto shredder and sixth location in Arkansas.

• Swedish domestic ferrous scrap prices fall €60 per tonne Nov 08, 2011

  Prices for domestically sourced ferrous scrap to be delivered to Swedish mills in November plummeted by around €60 ($82.6) per tonne month-on-month as demand for the steelmaking raw material continues to wane in Europe

• Ferrous scrap exports surge as prices slump Nov 07, 2011

  U.S. ferrous scrap exporters logged a busy week of trade, with bulk cargo exports expected to enter the double digits by Wednesday.

• Ehret leaving Timken for PSC Metals Nov 07, 2011

  Randy Ehret, Timken Co.’s general manager of strategic sourcing for steel, is leaving the Canton, Ohio-based steelmaker to take a top post at PSC Metals Inc., the Mayfield Heights, Ohio-based scrap processor and broker.

• PSC breaks even despite sales gain Nov 07, 2011

  PSC Metals Inc. was at breakeven in the third quarter despite higher sales and a recent string of scrapyard buys.

• Free-trade barriers hamper scrap market: SMA Nov 07, 2011

  The Steel Manufacturers Association (SMA) is asking the U.S. government to address barriers to free trade for ferrous scrap.

• Metalico faces penalty over worker fatality Nov 07, 2011

  Metalico Rochester Inc. has been cited by the Occupational Safety and Health Administration (OSHA) over a fatal accident in June.

• DAILY SCRAP REPORT: Bullish offer comes onto market, buyers fall quiet Nov 07, 2011

  MB’s Daily Ferrous Scrap Index cfr Iskenderun was unchanged at $421.93 on an HMS 1&2 (80:20) basis on Monday, as the week got off to a slow start with activity expected to slow further as many of Turkey’s mills observe the Kurban Bayrami holiday – also known as Eid Al-Adha

• Tokyo Steel cuts scrap charges again Nov 07, 2011

  Tokyo Steel cuts its scrap purchase prices for a fifteenth time since late September amid lower prices overseas and weak demand at home

• Ferrous scrap in tailspin, prices fall $50/ton Nov 04, 2011

  Ferrous scrap prices have plunged as much as $50 per long ton amid a flood of cheaper pig iron from Brazil and weaker export buying prices, the first time in more than six months that prices have moved so dramatically.

• Universal Wrecking jumps into scrap arena Nov 04, 2011

  A New Jersey demolition company is expanding into the scrap-processing business and has reopened on the 16-acre site of a former processing facility.

• Northwest utility tries to curb copper thefts Nov 04, 2011

  Weary of replacing stolen copper wire, a Pacific Northwest power supplier plans to replace copper wire in its substations with a steel-copper combination.

• Beam buyers await price cues as scrap drops Nov 04, 2011

  The shoe might be ready to drop for wide-flange steel beams, as buyers wonder just how much of a fall in a key scrap grade would be enough to force a decline in published mill tags.

• Spent battery exports soar; lead scrap sinks Nov 04, 2011

  U.S. exports of spent lead-acid batteries rebounded in August vs. the prior month while shipments of nonbattery lead scrap went in the opposite direction and dropped by more than 50 percent.

• Ky. scrap ordinance would impose 20-day tag-and-hold Nov 04, 2011

  A scrap ordinance set for a vote later this month has recyclers in one Kentucky county worried about the future of their businesses.

• DAILY SCRAP REPORT: Index ticks down again on lower European, US cargoes Nov 04, 2011

  MB’s Daily Ferrous Scrap Index cfr Iskenderun dropped to $421.93 on an HMS 1&2 (80:20) basis on Friday, from $425.18 on Thursday, as European and USA-origin cargoes were bought at lower levels by Turkish mills

• UK inter-merchant 18/8 stainless scrap solids prices fall on nickel downturn Nov 04, 2011

  UK inter-merchant 18/8 stainless steel scrap solids prices dropped on Friday as three-month nickel on the London Metal Exchange fell by around $1,000 per tonne from a week ago

• Volatile market quells copper scrap activity Nov 03, 2011

  Financial worries stemming from Greece’s economic instability and volatile Comex prices have copper scrap buyers and sellers slow to commit, market participants told AMM.